Private equity firm Hg has formed a dedicated team to pursue GP-led secondaries transactions. This new unit will focus on deals within Hg’s established investment sectors of software and technology-enabled services. The move signals a strategic expansion of Hg’s secondary market capabilities, allowing it to more actively manage and reposition assets within its own portfolio.

GP-led secondaries have become a popular tool for private equity managers to provide liquidity to existing investors while retaining ownership of promising assets. By creating a specialized team, Hg aims to capture more value from its own investments. This approach aligns with industry trends where firms increasingly use secondaries to extend holding periods or consolidate assets.

The formation of this team positions Hg to compete more aggressively in a crowded secondary market. Investors will watch for its first transactions to gauge the team's strategy and execution. For Hg, success in secondaries could enhance returns and strengthen its reputation as a versatile asset manager in the software and tech services space.